New Zealand's annual Consumer Price Index (CPI) has remained steady this December quarter, leading banks to believe inflation may have peaked.

ANZ, Kiwibank, and Westpac have rethought their OCR outlooks ahead of February's OCR movement, according to NZ Herald Wellington business editor Jenee Tibshraeney.

Jenee Tibshraeney says that economists from these leading banks now believe the Reserve Bank might not need to hike the OCR as aggressively as predicted, which could be easier on Kiwi households.

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